Flipkart Cuts Losses Ahead of 2026 IPO

Flipkart group entities have reported narrower losses in the 2024-25 financial year, as the Walmart-owned ecommerce giant prepares for its planned 2026 IPO.

Core marketplace Flipkart Internet recorded a 14 percent revenue rise to Rs. 20,493 crore ($2.46 billion), while net losses fell 37 percent to Rs. 1,494 crore ($179 million). Although revenue growth slowed compared to last year, improved cost controls helped reduce losses.

Cleartrip, Flipkart’s travel portal, saw revenue surge 69 percent to Rs. 169 crore ($20 million), but still posted a net loss of Rs. 651 crore ($78 million), down 20 percent year-on-year as expenses remained high.

Key Highlights

Flipkart group trims FY25 losses across core units
Myntra posts Rs. 548 crore profit with 18 percent revenue growth
Flipkart eyes IPO in 2026 amid stronger unit economics

Logistics arm Ekart achieved a 13 percent revenue increase and reduced losses by 12 percent, with much of its revenue tied to Flipkart Internet operations.

Meanwhile, fashion and beauty platform Myntra delivered a standout performance, reporting a net profit of Rs. 548 crore ($66 million), compared to just Rs. 31 crore ($7.26 million) a year earlier. Revenue rose 18 percent to Rs. 6,043 crore ($723 million), highlighting growing demand in the online lifestyle and fashion segment.

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Overall, the group’s tighter cost management and improved unit economics reflect a more disciplined approach as Flipkart eyes its long-anticipated IPO. The results also underscore the company’s efforts to diversify revenue streams across ecommerce, logistics, fashion, and travel while balancing growth with profitability.